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March 2023 was Earth's second warmest March on record
March 2023 was Earth's second-warmest March since global record-keeping began in 1850 according to the US National Oceanic and...
Apr 20, 20231 min read
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As world warms, droughts coming on faster
A new study published in a recent issue of scientific journal Science says that droughts are coming on faster and higher global...
Apr 19, 20231 min read
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Climate change is destabilizing insurance industry
Insurers face a crisis of confidence as global warming makes weather events unpredictable and increases damage according to one of the...
Apr 5, 20231 min read
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Global reinsurer leaves Net Zero Insurance Alliance
Global reinsurer Munich Re has withdrawn from the Net-Zero Insurance Alliance (NZIA). Munich Re is, however, sticking to its already...
Apr 5, 20232 min read
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Trillion-dollar global protection gaps identified
A new report by Global Federation of Insurance Associations (GFIA) has identified and quantified the most significant - and growing -...
Mar 27, 20232 min read
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Total economic and insured losses quakes likely to exceed US$25bn and $5bn respectively
Moody's RMS, a leading global catastrophe risk modelling and solutions company, estimates economic losses from the moment magnitude (Mw)...
Feb 28, 20233 min read
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APAC reinsurance hindered by natural hazard losses and inflation
With APAC's exposure to extreme weather events leading to unsustainable natural hazard losses and high inflation worsening them,...
Feb 21, 20232 min read
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Insured losses from climate events in recent weeks surpass 2022 losses from similar Nat CATs
Insured losses from the recent extreme weather events in New Zealand would exceed the comparable losses for all of 2022 which was already...
Feb 17, 20232 min read
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